Greenhouse gas accounting for investment portfolios: quantifying financed emissions at a public research university.

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Title: Greenhouse gas accounting for investment portfolios: quantifying financed emissions at a public research university.
Authors: McNamara, Brandon1 (AUTHOR) bm2484@nau.edu, Huntzinger, Deborah1 (AUTHOR), Nielsen, Erik2 (AUTHOR), Rushforth, Richard3 (AUTHOR)
Source: Carbon Management. Dec2025, Vol. 16 Issue 1, p1-13. 13p.
Subject Terms: *Carbon emissions, *Emissions trading, *Fossil fuels, *Environmental risk, Public universities & colleges, Portfolio management (Investments)
Company/Entity: Northern Arizona University
Abstract: As the urgency of climate change grows, higher education institutions are increasingly accounting for, and reporting, their annual greenhouse gas (GHG) emissions. An often-overlooked source of GHG emissions are those associated with loans and investments. The purpose of this work is to quantify financed emissions from investment holdings in a public research university endowment, using Northern Arizona University (NAU) as a case study. The methodology for calculating financed emissions is drawn from the Partnership for Carbon Accounting Financials (PCAF), which describes how to attribute GHG emissions from investee companies to the investor on an annual basis. Financed emissions from NAU's endowment are estimated to be a substantial component of NAU's GHG inventory, highlighting the significance of this emissions category for public research universities with endowments. The results are presented for individual investee companies and discussed as an indicator of climate-related financial risk. Further, the results show that the divestment of fossil fuel companies from NAU's endowment would lead to a 22% reduction in financed emissions. [ABSTRACT FROM AUTHOR]
Copyright of Carbon Management is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Greenhouse gas accounting for investment portfolios: quantifying financed emissions at a public research university.
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  Data: <searchLink fieldCode="JN" term="%22Carbon+Management%22">Carbon Management</searchLink>. Dec2025, Vol. 16 Issue 1, p1-13. 13p.
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  Data: *<searchLink fieldCode="DE" term="%22Carbon+emissions%22">Carbon emissions</searchLink><br />*<searchLink fieldCode="DE" term="%22Emissions+trading%22">Emissions trading</searchLink><br />*<searchLink fieldCode="DE" term="%22Fossil+fuels%22">Fossil fuels</searchLink><br />*<searchLink fieldCode="DE" term="%22Environmental+risk%22">Environmental risk</searchLink><br /><searchLink fieldCode="DE" term="%22Public+universities+%26+colleges%22">Public universities & colleges</searchLink><br /><searchLink fieldCode="DE" term="%22Portfolio+management+%28Investments%29%22">Portfolio management (Investments)</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Northern+Arizona+University%22">Northern Arizona University</searchLink>
– Name: Abstract
  Label: Abstract
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  Data: As the urgency of climate change grows, higher education institutions are increasingly accounting for, and reporting, their annual greenhouse gas (GHG) emissions. An often-overlooked source of GHG emissions are those associated with loans and investments. The purpose of this work is to quantify financed emissions from investment holdings in a public research university endowment, using Northern Arizona University (NAU) as a case study. The methodology for calculating financed emissions is drawn from the Partnership for Carbon Accounting Financials (PCAF), which describes how to attribute GHG emissions from investee companies to the investor on an annual basis. Financed emissions from NAU's endowment are estimated to be a substantial component of NAU's GHG inventory, highlighting the significance of this emissions category for public research universities with endowments. The results are presented for individual investee companies and discussed as an indicator of climate-related financial risk. Further, the results show that the divestment of fossil fuel companies from NAU's endowment would lead to a 22% reduction in financed emissions. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
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  Data: <i>Copyright of Carbon Management is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
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    Identifiers:
      – Type: doi
        Value: 10.1080/17583004.2025.2473916
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      – Code: eng
        Text: English
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      Pagination:
        PageCount: 13
        StartPage: 1
    Subjects:
      – SubjectFull: Carbon emissions
        Type: general
      – SubjectFull: Emissions trading
        Type: general
      – SubjectFull: Fossil fuels
        Type: general
      – SubjectFull: Environmental risk
        Type: general
      – SubjectFull: Public universities & colleges
        Type: general
      – SubjectFull: Portfolio management (Investments)
        Type: general
      – SubjectFull: Northern Arizona University
        Type: general
    Titles:
      – TitleFull: Greenhouse gas accounting for investment portfolios: quantifying financed emissions at a public research university.
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          Name:
            NameFull: McNamara, Brandon
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            NameFull: Huntzinger, Deborah
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            NameFull: Nielsen, Erik
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            NameFull: Rushforth, Richard
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            – D: 01
              M: 12
              Text: Dec2025
              Type: published
              Y: 2025
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            – TitleFull: Carbon Management
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